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Ferrellgas Stock Hits New 52-Week Low (FGP)

Ferrellgas Partners (NYSE:FGP) hit a new 52-week low Monday as it is currently trading at $15.59, below its previous 52-week low of $15.61 with 812,662 shares traded as of 11:40 a.m. ET. Average volume has been 257,600 shares over the past 30 days.

NEW YORK ( TheStreet) -- Ferrellgas Partners (NYSE: FGP) hit a new 52-week low Monday as it is currently trading at $15.59, below its previous 52-week low of $15.61 with 812,662 shares traded as of 11:40 a.m. ET. Average volume has been 257,600 shares over the past 30 days.

Ferrellgas has a market cap of $1.32 billion and is part of the basic materials sector and energy industry. Shares are down 12% year to date as of the close of trading on Friday.

Ferrellgas Partners, L.P. engages in the distribution and sale of propane, and related equipment and supplies primarily in the United States.

TheStreet Ratings rates Ferrellgas as a hold. Among the primary strengths of the company is its robust revenue growth -- not just in the most recent periods but in previous quarters as well. At the same time, however, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full Ferrellgas Ratings Report.